The California Department of Business Oversight has officially changed its name to the Department of Financial Protection and Innovation (DFPI). The department name change became effective September 30, 2020.
While the DFPI has yet to set a firm deadline for updates to loan documents, business cards, or websites, licensees should complete this legally required transition as soon as possible.
During the transition period, the DFPI will continue to recognize existing materials with the “Department of Business Oversight.” The department recognizes it may take time to incorporate any/all legally required disclosures, documents, printed materials, and website information provided to consumers, other regulators, or to the public.
Additionally, please note that the department’s Sacramento headquarters address has changed to 2101 Arena Boulevard, Sacramento, CA 95834. Please contact California Financing Law Special Administrators with any specific challenges.
For questions, please contact the appropriate department program or email Ask.DBO@dbo.ca.gov
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.